By 2019, the CAGR for the global cigar market is anticipated to climb by a single digit percentage. The market for cigars has grown significantly as a result of the widespread use of cigars at social gatherings, birthday parties, colleges, and corporate events.
The increase in smokers who inhale as well as the perception that cigars are superior to cigarettes because of their lower nicotine content are the main factors driving this industry. Affluent lifestyle, cultural change, and rising middle class are a few more factors that influence cigar use. Numerous government regulations and the prohibition on tobacco manufacture and consumption in many nations may
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On the basis of composition, the cigar market can be divided into three main categories: wrappers, fillers, and binders. It can also be divided into Parejo, Figurado, Pyramid, Culebras, Tuscanian, and Little Cigar categories based on shape and size. The market has been geographically divided into the regions of North America, APAC, Europe, and the Rest of the World for this report.
Finck Cigar Company, ITC Limited, Altadis, General Cigar Company Inc., Partagas cigars, Perdomo cigars, Oliva cigars, Rodrigo cigars, Paul Stulac cigars, and Rocky Patel cigars are a few of the
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The key drivers of this market include the addition of smokers to inhale and cigars are considered superior than cigarettes due to lower levels of nicotine. Rising middle class, culture shift and affluent life style are among other driving forces in cigar consumption. Restraining factors could be plethora of government regulations and ban on tobacco production and consumption in several countries.
In addition growing health concerns and aging of population act as another major restrains to consumption of Cigar. Major distribution channels are supermarkets, speciality stores and departmental stores.
Key geographies evaluated in this report are: Cigar Market
North America
- US
- Canada
Europe
France, Germany, Italy, Spain, and the UK
Eastern Europe
- CIS
- APAC
- China
- India
- Japan
- Australia
- Others
Latin America
- Argentina
- Brazil
- Others
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Key features of this report
- Drivers, restraints, and challenges shaping the Cigar market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Cigar market estimates and forecasts(2015 -2021)
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